MNI BRIEF: Inflation Risks Now Shifted To Downside-BOE Ramsden

MNI: Goolsbee Says Stalled Inflation Means Wait Before Moving

MNI China Daily Summary: Friday, April 19

MNI BRIEF: China Hog Market More Balanced In Q2 - Ministry

MNI: PBOC Conducts CNY2 Bln Via OMO Fri; Liquidity Unchanged

CHINA PBOC INJECTS CNY2 BILLION VIA 7-DAY REVERSE REPOS FRI

MNI: BAKER HUGHES US RIG COUNT 619; OIL RIGS 511; GAS RIGS 106

EZ/UK Bond Supply Calendar: EU, UK Synd W/C 22 Apr, BoE APF Mon

EZ/UK T-Bill Calendar: Germany, France Auction on Monday

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

USD Off Smalls, Little Follow Through To Post Data AUD Bounce

FOREX

The USD is slightly weaker in the first part of trading. The BBDXY Index was last just under 1238.00, down smalls from NY closing levels. We remain very much within recent ranges though. The A$ has outperformed following better than expected domestic data, but hasn't seen much follow through.

  • AUD/USD got a high of 0.6914, but is now back closer to 0.6900. There wasn't a great of follow through from the CPI and retail sales beats in the fixed income space, while short end yield spreads against the US are around where they were early yesterday.
  • NZD/USD is close to flat at this stage, last around 0.6370/75 and underperforming the AUD. Dec commodity prices nudged down 0.1% m/m.
  • USD/JPY is tracking with a slightly firmer bias, last in the 132.25/30 region.
  • US cash Tsy yields are weaker at this stage, down 1-2bps across the curve, while regional equities are mostly higher.
  • EUR/USD is a touch higher around 1.0745 at this stage, +0.10% since the open.
Energy BulletsCommodities
Energy BulletsCommodities

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.